Gregory K. Ramirez - 07 Feb 2024 Form 4 Insider Report for Artisan Partners Asset Management Inc. (APAM)

Role: Executive Vice President, 10%+ Owner
Signature: /s/ Lisa A. Moran, attorney-in-fact for Mr. Ramirez
Issuer symbol: APAM
Transactions as of: 07 Feb 2024
Net transactions value: -$105,712
Form type: 4
Filing time: 09 Feb 2024, 16:20:07 UTC
Previous filing: 11 May 2023
Next filing: 01 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APAM	Class B Common Stock, par value $0.01 per share	Options Exercise		-2,500	-3.4%		71,979	07 Feb 2024	Direct	F1, F2
transaction	APAM	Class A Common Stock, par value $0.01 per share	Options Exercise		+2,500	+3%		85,835	07 Feb 2024	Direct	F2
transaction	APAM	Class A Common Stock, par value $0.01 per share	Sale	$105,712	-2,500	-2.9%	$42.28	83,335	08 Feb 2024	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APAM	Class B Common Units of Artisan Partners Holdings LP	Options Exercise		-2,500	-3.4%		71,979	07 Feb 2024	Class A Common Stock, par value $0.01 per share	2,500		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the Company's initial public offering and related reorganization transactions, on March 12, 2013, each holder of a Class B common unit ("Class B Common Unit") of Artisan Partners Holdings LP received a number of shares of Class B common stock, par value $0.01 per share ("Class B Common Stock"), of the Company equal to the number of Class B Common Units then held by such person. Shares of Class B Common Stock do not have economic rights.
F2	Pursuant to an Exchange Agreement among the Company and each holder of limited partnership units of Artisan Partners Holdings LP ("Exchange Agreement"), which became effective on March 12, 2013, each holder of Class B Common Units has the right, pursuant to and subject to the limitations and restrictions set forth in the Exchange Agreement, to exchange his, her or its Class B Common Units for an equal number of shares of Class A common stock, par value $0.01 per share ("Class A Common Stock"), of the Company. Upon any such exchange for Class A Common Stock, the corresponding shares of Class B Common Stock then held by such holder will be cancelled. The Class B Common Units have no expiration date. On February 7, 2024, the Reporting Person directed the exchange of 2,500 Class B Common Units.

Content

In connection with the Company's initial public offering and related reorganization transactions, on March 12, 2013, each holder of a Class B common unit ("Class B Common Unit") of Artisan Partners Holdings LP received a number of shares of Class B common stock, par value $0.01 per share ("Class B Common Stock"), of the Company equal to the number of Class B Common Units then held by such person. Shares of Class B Common Stock do not have economic rights.

Pursuant to an Exchange Agreement among the Company and each holder of limited partnership units of Artisan Partners Holdings LP ("Exchange Agreement"), which became effective on March 12, 2013, each holder of Class B Common Units has the right, pursuant to and subject to the limitations and restrictions set forth in the Exchange Agreement, to exchange his, her or its Class B Common Units for an equal number of shares of Class A common stock, par value $0.01 per share ("Class A Common Stock"), of the Company. Upon any such exchange for Class A Common Stock, the corresponding shares of Class B Common Stock then held by such holder will be cancelled. The Class B Common Units have no expiration date. On February 7, 2024, the Reporting Person directed the exchange of 2,500 Class B Common Units.